Times are changing and so is Southern Business Solutions! Happy New Year to you, I hope you have had some...
Articles
Is running a marathon like running a business?
Is running a marathon like running a business? During a conversation with my brother last Christmas while hiking, he mentioned...
Helping businesses recover
Tax depreciation incentives to help businesses recover In 2020, the Government introduced tax depreciation incentives to help businesses recover from...
Online services for sole traders
Sole traders with an ABN who use the ATO’s online services for individuals now have access to improved functionality, making...
What has Parliament been up to?
A recent Bill contains amendments that will: exempt employers from FBT if they provide training or education to a redundant,...
Are you a landlord?
Are you a landlord? In 2019–20, over 1.8 million Australians owned rental properties and claimed $38 billion in deductions. According...
Do you need to pay tax on COVID-19 financial support payments that you receive?
Do you need to pay tax on COVID-19 financial support payments that you receive? There are a number of different...
Tax Changes – What’s new?
Tax changes from 1 July 2021 A number of changes apply from 1 July 2021. These include: Medium businesses (aggregated...
New Director ID requirement
We are letting you know about the director identification number (director ID) requirement that is now available on the new...
From the ATO – Easier to pay your tax bill – Check your business PAYG instalments – Shareholder loans – STP reporting.
Easier to pay your tax bill The ATO has improved how your business can use and manage its credit or...
Do you use trading stock for private purposes?
Do you use trading stock for private purposes? It is common for certain business owners (e.g. sole traders, individuals and...